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Banco Mujer Promujer Group
In this Group: Anita, Herminia
This is a group of women who have received two loans from Fundacion Mujer (Women’s Foundation). Now, the organization will fund two of the members of Banco Mujer (Women’s Bank), Anita and Herminia, who are in their second loan cycle. Both of the women are neighbors in Paso Canoas, on the border between Costa Rica and Panama, and they have worked in the same business, selling food and candies, for many years. They are not in direct competition with each other since Herminia’s store is on the main street and Anita’s is in a neighborhood called Laurel which is 6 kilometers from Paso Canoas. This is an important source of income generation for their families, as it is Herminia’s only source of income and Anita’s partner is an under-employed farm worker who often cannot work a full week. What he is able to bring home as salary varies, so Anita’s work supplements the family’s budget. This loan will be used to strengthen the capital earned from selling sodas and will be invested in the purchase of the raw materials to make hamburgers, tacos, etc. The women’s short-term goal is to be able to count on their financial resources to make home improvements, both on the roof and floors.
View original language description ↓
Este es un grupo de señoras que ha recibido dos préstamos por parte de Fundación Mujer, ahora se financiara a dos integrantes del Banco Mujer, Anita y Herminia,quienes van por el segundo nivel de créditos, ambas son vecinias de Paso Canoas, frontera de Costa Rica Panama, y se dedican a la misma actividad de servicios, venta de comidas y golosinas, desde hace varios años atras; pero no son competencia directa entre si, ya que Herminia tiene su local sobre la calle principal a la aduna y Anita la tiene en una comunidad que se llama Laurel que se ubica a unos 6 kilometros de Paso Canoas.
Esta es una fuente importante de generación de ingresos para la economia domestica, ya que en el caso de Herminia es su única fuente de ingresos y en el caso de Anita, su compañero es un trabajador subempleado de labores agricolas, quien muchas veces no logra trabajar una semana completa, de allí que lo que logra llevar a su casa como salario es variable y con la actividad de Anita se complementa el presupuesto de la familia.
Este préstamo se utilizara para reforzar el capital de trabajo de las sodas y se invertira en la compara de refrescos gaseosos, jugos, galletas y bocadillos así como en la compra de materia prima para la elaboración de los casados, hamburgesas, tacos ete.
Las metas a corto plazo es poder contar con recursos economicos, para hacer mejoras a sus viviendas, tanto en sus techos como los pisos.

Additional Information

More information about this loan

In Costa Rica, funding for microfinance institutions is hard to come by, and many institutions find themselves having difficulty growing and reaching all the demand for loans that exist. Kiva works with Fundacion Mujer because it attends a very marginalized population in Costa Rica, with a specific focus on women. In addition to the loan, Fundacion Mujer provides specialized training programs for their borrowers on everything from computer classes to salon training. Because of the difficulty in obtaining capital in Costa Rica, Fundacion Mujer cannot serve all the women that need loans. Therefore Kiva plays a unique role in helping Fundacion Mujer grow its portfolio and reach borrowers it otherwise would not be able to.

About Fundacion Mujer:

Fundación Mujer is an organization specializing in the financial and personal development of female entrepreneurs in Costa Rica. They seek to reach underserved populations that may include indigenous communities, immigrants, refugees, victims of domestic violence or women living with HIV/AIDS. Fundación Mujer offers courses in both business and personal development, as well as training in concrete skills such as sewing and other crafts.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Costa Rica

  • $12,900
    Average annual income
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,438,125
    Funds lent in using Kiva
  • 497.1
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Promujer Group's $800 loan helped a member buy soft drinks, juices, crackers, and candies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 16, 2011
Dec 21, 2011
Currency Exchange Loss:
Mar 17, 2013